Suppliers to Tesla and other electric carmakers are scrambling to secure shipments of the key battery material cobalt after a group of hedge funds amassed a large stockpile of the scarce metal. In a bold wager on higher prices, half a dozen funds, including Swiss-based Pala Investments and China’s Shanghai Chaos, have purchased and stored an estimated 6,000 tonnes of cobalt, worth as much as $280m, according […]
Donald Trump delivered a vehement and sometimes contradictory screed against the press during his appearance at the Conservative Political Action Conference Friday, calling media reports “fake news” while expressing his support for the First Amendment. During the speech, which came on the penultimate day of the CPAC conference, Trump was especially critical of news organizations that use anonymous sources, saying that reporters “shouldn’t be allowed to use […]
Thinking about switching to AT&T or upgrading your current phone? Right now may be a good time. Starting Friday, AT&T is offering the iPhone 7, Galaxy S7, and LG G5 on a buy one, get one free promotion. According to the press release, new and existing customers who sign up for an AT&T Next or AT&T Next Every Year plan are eligible for a free smartphone through […]
Waymo is suing Otto and Uber for allegedly stealing its trade secrets, Layer gets more funding and acquires Cola, a major Cloudflare bug leaked sensitive data from customers’ websites and Elon Musk addresses unionization concerns at Tesla. All this on Crunch Report. Read More Via ASDA Alltop
Hyderabad: The Panama Papers are back here to haunt city industrialists. Following directions issued by the Centre, the Enforcement Directorate has begun a probe into 11 companies named in the Panama Papers, the global media investigation into alleged tax evasions which has brought 415 Indians under the scanner of investigating agencies. Sources said that the probe was initiated under the Foreign Exchange Management Act. A top ED […]
By Alexandria Sage | SAN FRANCISCO SAN FRANCISCO Alphabet Inc’s (GOOGL.O) Waymo self-driving car unit sued Uber Technologies [UBER.UL] and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology. Waymo accused Uber and Otto, acquired by the ride services company in August, with stealing confidential information on Waymo’s Lidar sensor technology to help speed its own efforts in […]
SoFi, the biggest and the brashest of a new breed of online lenders in the US, has sealed a $500m funding round, giving it firepower to push into new products and markets including Canada and Australia. The private San Francisco-based company last received a big shot of funds — its fifth — in September 2015, when SoftBank of Japan led a $1bn round, the biggest in the […]
In a war in which the United States has sought to minimize its own military footprint, this militia has become the American military’s ally of choice in northern Syria and its best hope of taking Raqqa in the coming months. Continue reading the main story But the budding alliance has drawn the United States deeper into the complex politics of northern Syria and prompted furious objections from […]
Sign up to receive Authers’ Note daily by email here Despite appearances to the contrary, the Trump trade may be moving into reverse as the president’s maiden State of the Union address approaches. The overall level of the stock market is, of course, at fresh records. But the pattern within it is shifting again. The end of the week saw sharp falls for almost all equity markets […]
LG Gram laptop LG has largely scaled back its global PC ambitions — its U.S. website shows a single Chromebase desktop for sale — except for its Gram family of ultra-light laptops. It rolled them out late in 2015 — 13-inch and 14-inch notebooks that each weighed a little over 2 pounds, then added a 15-inch version a couple of months later. The lineup has thrived enough […]
By Lewis Krauskopf | NEW YORK NEW YORK U.S. President Donald Trump’s planned economic agenda has fanned the flames for Wall Street’s record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague. The benchmark S&P 500 .SPX has surged 10 percent since Trump’s Nov. 8 election, with optimism […]
Scientists just stumbled on the three sexual behaviors that could help women achieve orgasm more often. Call it the “golden trio” of sexual moves. According to a team of U.S. researchers, a mix of genital stimulation, deep kissing, as well as oral sex could boost the likelihood of women reaching orgasm with their sexual partner. What The Numbers Say “The orgasm gaps between men and heterosexual women […]
When the National Security Agency (NSA) introduced Secure Hash Algorithm 1 (SHA-1) in 2002 as an approved cryptographic security algorithm it was practically unbreakable. That was a long, long time ago. True, SHA-1 security has been broken, but then we’ve been planning on it being busted for years now. Getty Images/iStockphoto Since then, SHA-1 has been used in numerous secure applications. These include web Secure-Socket Layer (SSL) […]
Photo Christian families who had left El Arish, in northern Sinai, arriving at a church in Ismailia, Egypt. Credit Ahmed Aboulenein/Reuters CAIRO — Dozens of Egyptian Christian families fled their homes in the northern Sinai Peninsula on Friday, driven by a targeted campaign of Islamist violence that has killed at least seven people in recent weeks. People flooded into a church compound in the city of Ismailia, […]
As with the worlds of haute couture and prêt-à-porter in fashion, France’s small-cap companies depend vitally on the success of the main Paris bourse. Yet as the country braces itself for the presidential election, and as US and other international investors start reducing their French holdings, a flight from the small-caps to the larger, more liquid French companies might be expected. But the opposite has actually been […]
Elderly drivers could be submitted for regular medical testing under new proposals put forward by Dubai’s transport authority to improve safety on the emirate’s roads. The Roads and Transport Authority (RTA) said it has made a number of suggestions to the Ministry of Interior covering driving on the highways of Dubai. One of them would see drivers aged over 60 put through mandatory fitness tests every three […]
Uber is under attack once again today as the Twittersphere quickly concluded it was behind a smear campaign against a former engineer for the company, Susan Fowler Rigetti, who dropped a scathing blog post earlier this week detailing sexual harassment claims while working at Uber over the course of a year. Rigetti tweeted today people were being contacted for “personal and intimate info” about her, causing many […]
Every year, Inrix releases its Global Traffic Scorecard, which ranks congestion on roads in 1,064 cities in 38 countries. And every year the report tells urban commuters what they already know—traffic sucks and is getting worse. But at least Inrix’s Global Traffic Scorecard uses data—500TB from 300 million sources covering over 5 million miles of road—to let us know exactly how much it sucks. And […]
New software allows for ‘decoding digital brain data’ to reveal how neural activity gives rise to learning, memory and other cognitive functions. The software can be used in real time during an fMRI brain scan. (via WSJ)
The Champ is coming to the house of Nintendo! The 16-time World Wrestling Entertainment champion John Cena is teaming up with Nintendo to promote the upcoming Nintendo Switch. The champ will visit Blue Cloud Movie Ranch in Santa Clarita, California on Feb. 23 to meet up with fans to showcase the Switch. This collaboration is part of a publicity tour that Nintendo is holding across the United States. […]
European equity funds attracted their largest weekly inflows in more than a year as institutional investors bet on a recovery taking hold across the continent. Investors added $1.1bn to funds investing in European stocks in the seven days to February 22, a haul that nearly matched the inflows of the preceding four weeks combined, according to data from EPFR. This was despite outflows from dedicated French stock […]
Brazilian software firm Totvs has reported a revenue drop of 3.5 percent to R$2,2 billion ($707 million) in 2016. The company – the largest provider of enterprise resource planning (ERP) systems in Brazil – has suffered with poor financial performance in all quarters last year, compared to historic yearly growth of 10 percent. Traditionally a popular choice when it comes to ERP within the small and medium […]
Several news organizations boycotted the White House press gaggle this afternoon after the White House excluded CNN and other outlets from attending. Press gaggles — on-the-record scrums with communication staff that disallow video recording — are a staple of White House reporting, and it’s highly unusual for a reporter to be barred from the meeting. Today, after Trump delivered a stinging (and contradictory) critique of the media, The […]
Depression is not as uncommon as thought and affects more than 4 percent of the global population. The mental condition, if not treated in time may lead to physical and mental disabilities. The World Health Organization (WHO) released some figures pertaining to depression on Thursday, Feb. 23. The figures suggest that depression is now the leading cause of physical and mental disabilities worldwide. “You can see one […]
